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On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods
Hai, Rong - 2013
We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call "memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory. We propose a novel consumption-savings model...
Persistent link: https://www.econbiz.de/10012459275
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Pensions, Household Saving, and Welfare : A Dynamic Analysis
Blau, David M. - 2011
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no uncertainty, and no institutional restrictions on...
Persistent link: https://www.econbiz.de/10013128568
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Crowding Out Redefined : The Role of Reserve Accumulation
Reinhart, Carmen M. - 2013
percentage points lower during 1998-2012 than its average level in the decade before the crisis; if China and India are excluded …
Persistent link: https://www.econbiz.de/10012459011
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The Effects of Cryptocurrency Wealth on Household Consumption and Investment
Aiello, Darren; Baker, Scott; Balyuk, Tetyana; Di … - National Bureau of Economic Research - 2023
This paper uses transaction-level data across millions of accounts to identify cryptocurrency investors and evaluate how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate markets. We estimate an MPC out of unrealized crypto gains that...
Persistent link: https://www.econbiz.de/10014322832
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Maternal Education, Parental Investment and Non-Cognitive Characteristics in Rural China
Leight, Jessica - 2018
-cognitive characteristics. This paper evaluates the parental response to non-cognitive variation across siblings in rural Gansu province, China …
Persistent link: https://www.econbiz.de/10012915708
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Cognitive Skills, Noncognitive Skills, and School-to-Work Transitions in Rural China
Glewwe, Paul - 2017
children from one of China's poorest provinces, we find that both cognitive and noncognitive skills, measured when children are …
Persistent link: https://www.econbiz.de/10012962277
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Does Daughter Deficit Promote Parental Substance Use? Longitudinal Evidence on Smoking from Rural China
Chen, Xi - 2017
China and some other Asian countries have experienced skewed sex ratios, triggering intense competition and pressure in … the marriage market. Meanwhile, China has more smokers than any other country, with half of men smoke while few women … market in China – affects their fathers' smoking behavior. We utilize two household longitudinal surveys as well as a random …
Persistent link: https://www.econbiz.de/10012952611
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Maternal Education, Parental Investment and Non-Cognitive Skills in Rural China
Leight, Jessica - 2016
Gansu province, China, employing a household fixed effects specification; non-cognitive skills are defined as the inverse of …
Persistent link: https://www.econbiz.de/10012456442
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Does Agriculture Generate Local Economic Spillovers? Short-run and Long-run Evidence from the Ogallala Aquifer
Hornbeck, Richard - 2012
Agricultural development may support broader economic development, though agricultural expansion may also crowd-out local non-agricultural activity. On the United States Plains, areas over the Ogallala aquifer experienced windfall agricultural gains when post-WWII technologies increased farmers'...
Persistent link: https://www.econbiz.de/10012460244
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A Distributional Analysis of Social Group Inequality in Rural India
Azam, Mehtabul - 2014
This paper examines the differences in welfare, as measured by per capita expenditure (PCE), between social groups in rural India across the entire welfare distribution. The paper establishes that the disadvantage suffered by two historically disadvantaged groups - Scheduled Castes (SCs) and...
Persistent link: https://www.econbiz.de/10012751010